Menu
keyboard_backspace

Q. not closing of loan account and issuing NOC after debt payment.

Placeholder image

Anonymous

posted 8 months ago

Q.not closing of loan account and issuing NOC after debt payment.
I had a mortgage loan from AU Small finance bank worth Rs.1140000/- 12 months back but due to some economical problem unable to repay the EMI and the interest was accumulated with penalty the total amount was 1232806/- till 1 dec18 but at the time of recovery the bank agreed to settle the loan at 1190000/- as full and final amount paid till 20 dec2018 to foreclose the loan account and issued the settlement letter stating same. As per the agreement I transferred the whole agreed amount of Rs. 1190000/- on 20 dec 18. But although transferring the amount the bank had not closed my account and issued a NDC till date and not responding any further. What should I do in this case ? Is their any faster way to get the account closed and get NDC ? Can I file complaint in any tribunal?

Please do not provide your contact details here. We share your contact details on demand from the client.

Your Registration is Incomplete. Please Complete the Registration

Sorry, Your Profile is not activated.

Sorry, You can't respond to the Question as your account has been blocked.

Response is Required

Response should be with in 4294967295 characters

~ and ` characters are not allowed

Symbols are not allowed (Excluding #)

# Symbols is required

Chinmoy Patra

Experience: 14 Year(s)

Responded 7 months ago

View All Answers

A. ) Issue a legal notice to the bank demanding NOC and loan closure as per settlement and if the do not consider you may file a consumer case or file application u/s 22c of Legal Services Authority Act before the Permanent Lok Adalat in your Jurisdiction.....Although you can file also a S.A in DRT but it wil be expensive.......and tribunal shall stick primarily to the loan agreement writeen terms.

Reply is Required

Reply should be less than 4294967295 characters.

Helpful
Helpful
Share

ROBERT D ROZARIO

Experience: 15 Year(s)

Responded 8 months ago

View All Answers

A. ) write to the GRO/Ombudsman of the bank about your grievances

Reply is Required

Reply should be less than 4294967295 characters.

Helpful
Helpful
Share

Rameshwar Dadhe

Experience: 2 Year(s)

Responded 8 months ago

View All Answers

A. ) First u should approach to the concerne bank higher authority and ask about it . Otherwise file complaint against them

Reply is Required

Reply should be less than 4294967295 characters.

Helpful
Helpful
Share

Shanti Ranjan Behera

Experience: 22 Year(s)

Responded 8 months ago

View All Answers

A. ) Dear Client,
First talk to the Manager of the concerned bank.
Next talk to the Regional Manager and try to sort it out with all papers and see how much time they will take.
Next step is Head Office.
Ask them how much time they will take.
Shanti Ranjan Behera
Advocate

Reply is Required

Reply should be less than 4294967295 characters.

Helpful
Helpful
Share

Kishan Dutt Kalaskar Retired Judge

Experience: 33 Year(s)

Responded 8 months ago

View All Answers

A. ) Dear Sir
Please lodge complaint with Banking Ombudsman

Reply is Required

Reply should be less than 4294967295 characters.

Helpful
Helpful
Share
Talk to a Lawyer
Post Your Matter
Request Callback
Contact Us